Stock Analysis on Net

American Airlines Group Inc. (NASDAQ:AAL)

This company has been moved to the archive! The financial data has not been updated since February 21, 2024.

Enterprise Value to EBITDA (EV/EBITDA) 

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

American Airlines Group Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) 822 127 (1,993) (8,885) 1,686
Add: Income tax expense 299 59 (555) (2,568) 570
Earnings before tax (EBT) 1,121 186 (2,548) (11,453) 2,256
Add: Interest expense, net 2,145 1,962 1,800 1,227 1,095
Earnings before interest and tax (EBIT) 3,266 2,148 (748) (10,226) 3,351
Add: Depreciation and amortization 2,254 2,298 2,335 2,370 2,318
Earnings before interest, tax, depreciation and amortization (EBITDA) 5,520 4,446 1,587 (7,856) 5,669

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. American Airlines Group Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

American Airlines Group Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 34,098
Earnings before interest, tax, depreciation and amortization (EBITDA) 5,520
Valuation Ratio
EV/EBITDA 6.18
Benchmarks
EV/EBITDA, Competitors1
FedEx Corp. 7.56
Uber Technologies Inc. 42.12
Union Pacific Corp. 15.32
United Parcel Service Inc. 10.25
EV/EBITDA, Sector
Transportation 14.37
EV/EBITDA, Industry
Industrials 16.88

Based on: 10-K (reporting date: 2023-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

American Airlines Group Inc., historical EV/EBITDA calculation, comparison to benchmarks

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 34,098 35,839 35,954 36,628 32,401
Earnings before interest, tax, depreciation and amortization (EBITDA)2 5,520 4,446 1,587 (7,856) 5,669
Valuation Ratio
EV/EBITDA3 6.18 8.06 22.66 5.72
Benchmarks
EV/EBITDA, Competitors4
FedEx Corp. 7.59 7.33 8.22 10.09 12.96
Uber Technologies Inc. 45.37 227.40
Union Pacific Corp. 15.44 12.56 15.46 15.65 13.73
United Parcel Service Inc. 11.23 8.83 9.55 30.22 12.80
EV/EBITDA, Sector
Transportation 14.94 14.15 12.42 30.99 22.19
EV/EBITDA, Industry
Industrials 15.63 17.07 16.21 26.87 17.56

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 34,098 ÷ 5,520 = 6.18

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. American Airlines Group Inc. EV/EBITDA ratio decreased from 2021 to 2022 and from 2022 to 2023.